Document background
The Waiver of Subrogation General Liability document is essential in Indonesian business operations where multiple parties work together and seek to minimize cross-party insurance claims. This document becomes particularly relevant in scenarios involving complex contractual relationships, such as construction projects, property management, or industrial operations. It serves to prevent the insurance company from pursuing subrogation rights against specified parties after paying a claim to the insured. The waiver helps maintain positive business relationships by eliminating potential disputes over liability and simplifying the claims process. Created in compliance with Indonesian insurance law and regulations, including OJK requirements, this document typically includes details about the underlying insurance policy, specific rights being waived, and the scope of the waiver's application. It's commonly used in conjunction with general liability insurance policies where multiple stakeholders need protection from subrogation claims.
